Sunday, September 5, 2010

Nifty closes again in M2

On Friday(3-9-10)Nifty opened at 5510 with a gain of 24 points, moved in the narrow range 5474 - 5495 and closed at 5479 with a loss of 7 points. Nifty futures range was 5471 - 5500.
Next Amavasi(no Moon day)is on 8th and change in planetary positions from 9th only ( see table below). Hence range bound movement( 5400 - 5600) up to next Wednesday and decline thereafter expected. Do not trade in anticipation, trade according to Agni level only. Tomorrow's Agni level is at 5486.

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